Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) Sees Large Growth in Short Interest

Franklin Limited Duration Income Trust (NYSEAMERICAN:FTF) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totalling 81,200 shares, an increase of 95.7% from the June 30th total of 41,500 shares. Based on an average trading volume of 205,400 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Franklin Limited Duration Income Trust

Several large investors have recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its holdings in shares of Franklin Limited Duration Income Trust by 10.1% in the 1st quarter. Avantax Advisory Services Inc. now owns 17,934 shares of the company’s stock valued at $112,000 after buying an additional 1,650 shares during the period. StoneX Group Inc. lifted its holdings in shares of Franklin Limited Duration Income Trust by 11.4% in the 1st quarter. StoneX Group Inc. now owns 46,790 shares of the company’s stock valued at $293,000 after buying an additional 4,784 shares during the period. Powell Investment Advisors LLC raised its holdings in Franklin Limited Duration Income Trust by 25.2% in the 1st quarter. Powell Investment Advisors LLC now owns 18,320 shares of the company’s stock worth $115,000 after purchasing an additional 3,693 shares during the period. 9258 Wealth Management LLC acquired a new position in Franklin Limited Duration Income Trust in the 1st quarter worth about $171,000. Finally, Moloney Securities Asset Management LLC acquired a new position in Franklin Limited Duration Income Trust in the 1st quarter worth about $63,000.

Franklin Limited Duration Income Trust Stock Performance

FTF stock traded up $0.07 on Friday, hitting $6.52. 153,857 shares of the company’s stock were exchanged, compared to its average volume of 184,392. Franklin Limited Duration Income Trust has a 12-month low of $5.76 and a 12-month high of $6.65.

Franklin Limited Duration Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Thursday, July 18th will be paid a dividend of $0.0615 per share. The ex-dividend date is Thursday, July 18th. This represents a $0.74 annualized dividend and a yield of 11.32%.

Franklin Limited Duration Income Trust Company Profile

Franklin Limited Duration Income Trust is a closed-ended fixed income mutual fund launched by Franklin Resources, Inc The fund is managed by Franklin Advisers, Inc It invests in the fixed income markets of the United States. The fund primarily invests in mortgage-backed securities, asset-backed securities, floating rate bank loans, and high yield corporate bonds.